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in aid to farmers. this is in addition to the destruction caused by hurricane sandy, the largest hurricane ever to form in the atlantic basin. it's estimated that sandy will cost almost $80 billion in federal funding for the replacement of homes, infrastructure, and buildings. combined, the drought and sandy will cost the federal government tens of billions of dollars at a time when we're talking about our debt. it's the job of congress and the administration to help these americans in time of need, make no mistake about it. we should. we will. but we need to be honest about how we plan for disaster spending. according to a report by the g.a.o. in september, there have been over 540 disaster declarations in the last eight years requiring over $90 billion in federal aid. it's time we face facts and state the obvious -- weather is getting worse. extreme weather events are happening with increased frequency and intensity. i held a hearing last year to talk about this issue, to examine whether the federal government is really prepared for this. the answer is no. i didn't bring in the
>> tuesdays, thank you gates testifies in front of the house transportation committee on the hurricane sandy response and recovery. we are learning what lessons can be learned from it. see his remarks at 10:00 a.m. eastern on c-span3. wednesday, more from mr. craig fugate eight. abel testified in response and recovery of the storm, and this time, they will be in front of the senate appropriations committee. that hearing is live on wednesday at 10:00 a.m. eastern, also on c-span3. >> c-span, created by america's cable company since 1979 come across you as a public service by your television provider. >> next we have a press release with jay carney. he said u.s. officials are closely monitoring the situation. he also talked about the fiscal cliff negotiations and peace in the middle east. >> is everyone okay with that? [inaudible conversations] [laughter] we are talking about what extent a middle-class tax breaks for me to middle-class families. today at 2:00 p.m., people can ask the president questions on twitter with the hash tag my 2k. after that, this come in this afternoon from the presid
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